Document JNyeNqaqJ3NY3B3ODwk2Vr5wr

Philadelphia, Fa* December 22, 191-1 \ At a regular msetlng of the Directors of Jolts f Loots h Brea. Company Bold this dap in thoir offlea a is the Widonor Building, there were present! lAward F. Beale, Chairman of the Board JV 1.::Gardiner, President S. French Reeves, flee President A*:. M. Wilson, Tips President Morris H. Merritt, secretary LiSnaN *. Beale, Director The nesting was sailed to order bp Mr. Edward P. Beale, who presided, and Ur. Morris H. Merritt reported the minutes of the nesting. The minutes of ear meeting of December 15th were read and approved* Mr. Gardiner reported that the figures submitted for the entire lead industry showed that Dry White Lead sales during the first tea months of Ipll are 91lC over tbs pane period in 19*0, whereas the Dry White Lead sales for John T* Lewis * Bros. Go. are onlp 58* above the same period la 19*10. This, we believe, is in line with the national Lead Companp poliep to Conserve our supplp of Dry White Lead. Mr. Beeves reported the following oomparetlvo figures for tho first alevsn months of Xf8l amid 1580 without inoluding anp Bow fork overhead* I igafelC. First 11 montha IfBl Lose 838,336.56 1980 Lose 8 3*301.85 1981 Profit 8225,872.88 I98O Profit $ 70,867.05 Bo also reported that our applleatioa for an additional appro-prlatioa in tho amount of 81239*37 for tho manufacture of Dutch Oils has hssm approved as wall as our sppliostion for 8772.99 to eovor sa additional appropriation for tho robullding of our Vo. 7 flake furnaoo. On motion mad* bp Mr. Loonard T. Beal* and aeoonded bp Mr* S. F. Reeves it was unanimously RESOLVEDt that tbs offiesrs of tho eonpanp b* authe- rlsod to continue at their disoretion during the pear 1982 the spates that ha* been in force for a number of poars of giving a service button and eaeh award to omplopoos (except ing officers) who have been with us five pears or multiples thereof. This msans that for oaoh five-year button a fiv* dollar eaah award is given, and for oaoh ten-pear button, ten dollars, ate. The total number of persons to receive buttons in 1982 at both office and factory will be sixty employees for a total cost of 8905.00. N 27103 NL 000041049 IJho quoation of arranging for two sight wotohmoa to ooror tbo oatoido of our foetorp woo dioeaoaod ot oa approximate eeot of $$@.00 por Woolly hot it woo felt that laasmaeh oo wo how* watohmon oa tbo latiiit of tbo plont t.hot present conditions did aot pet jastlfp oar baring watohmon oa the oatolio. Oa motion made bp Mr. 8. P* Sum aad ooooadod bp Mr. 1. T. Beale It woo dooidod to applp for oa opproprlotioa of $8061.00 for tbo eoot of equipment and installation of o complete anlt for tbo aanufactare of special olio including Bopbootoo earnish olio* This application bolag submitted ot tbo oaggootloo of tbo Rooooreb Gommittee of tbo Botlonol load Company, oad o rogulor Oil application will bo forwardo4 t tlso Row fork offlow to cover aoao. 1, 19fth2oi following increase in celery woo approved, effective January nUmmm b iio w m, from #iftso. to fjutoo. pop poor. Tbo regular wooklp roport of shipments for tbo wook ending December 19tb woo submitted. IPboro being no fartho r bueiaeec, upon motion tbo mooting adjourned. ML 000041050